by Lara | Apr 13, 2016 | Gold |
A new low below 1,243.69 has provided some confidence in the main Elliott wave count. The alternate Elliott wave count remains valid. Summary: A new low below 1,209.08 would confirm the main wave count and invalidate the alternate. Unfortunately, there is no upper...
by Lara | Apr 12, 2016 | Gold |
A small range day to a slight new high does not clarify which Elliott wave count is correct. The main Elliott wave count still has a higher probability. Summary: A new low below 1,243.69 would provide some confidence in the main wave count and reduce the probability...
by Lara | Mar 31, 2016 | Gold |
Upwards movement was expected. This is how the session began but most gains were retraced. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may still be beginning. It is reasonably likely that price will reach to...
by Lara | Mar 22, 2016 | Gold |
A little downwards movement to 1,238 was expected before upwards movement. This is not quite what happened. Price did not move any lower, but it did move higher to complete a small green doji. Summary: I have three wave counts today. None see minor 5 as underway and...
by Lara | Mar 21, 2016 | Gold |
A new low indicated that the correction was deepening to be closer to the 0.618 Fibonacci ratio. This was not what was expected for Monday. Summary: A target for this downwards movement to end is close by at 1,238. Thereafter, a third wave up should begin; confidence...
by Lara | Mar 8, 2016 | Gold |
A correction was expected to continue. The small red candlestick for Tuesday’s session fits both Elliott wave counts. Summary: A correction is still unfolding and should continue sideways. The correction may include a new high above 1,279.45. It is most likely a...
by Lara | Mar 3, 2016 | Gold |
One final wave down was expected to finish the correction, but this did not happen. A new high above 1,248.44 confirmed the correction was over and price was breaking out upwards. Summary: The target is at 1,280 in the first instance. Thereafter, if price keeps...
by Lara | Feb 29, 2016 | Gold |
The correction so far is unfolding as the main hourly Elliott wave count expects. Summary: The correction may end in just one more day, if it is to total a Fibonacci thirteen daily candlesticks. One more day of sideways movement could see it end. The next wave up may...
by Lara | Feb 27, 2016 | Gold |
Sideways movement was expected to continue for a correction. Summary: The correction is still incomplete. It looks like it may most likely continue sideways as a triangle which may end in two more trading days. It is still possible that it could end Monday as a...
